Worldwide


Uniting entity data – the missed opportunity

In a post-2008 crisis landscape dominated by regulatory reform, compliance is only part of the issue. If firms can address how they manage multiple data sets and deploy a truly enterprise-wide model, they can capitalise on the real opportunity – achieving a competitive advantage.

When Banks Play Games

For the banking sector, which by definition at least is as much economic activity as it is social utility, the relevance of gamification is no longer debatable. Yet recent research shows that just 9% of banks globally have made forays into gamification

Citihub sets up in Zurich for Swiss expansion

Global IT advisory firm Citihub Consulting has opened an office in Zurich, adding to a network that includes operations in London, New York, Hong Kong, Singapore, and Toronto.

At APEX Europe: Mobile’s the Thing (May 19, 2014)

At the launch of the All Payments Expo Europe today in Marbella, Spain, speakers invariably turned to the topic of mobile, with strong emphasis on (and statistics to support) meeting the needs of merchants participating in mobile payments services and the consumers who use them.

Apple Set to Take Bite out of Payments? (May 19, 2014)

Apple’s recent deal with China’s UnionPay on a pair of contactless payment initiatives may be a sign that the tech giant is ready to make a major move into NFC payments, including equipping the next generation of the iPhone with NFC technology.

Big Data and data management in capital markets

The capital markets industry continues to be amongst the top data driven industries. Electronic trading generates millions of market messages during a given day. With diminishing returns in high-frequency trading, focus has shifted from high-speed trading to looking for patterns in large volumes of market data for financial information and use cases.

BIAN makes global banking architecture push

BIAN – the Bank Industry Architecture Network – has made further progress in its efforts to promote banking system standards internationally with the US First Niagara Bank and Computer Sciences Corporation and Japan’s Nomura joining as members.

Survey: KYC action plans 2014

Looked at from a data perspective, many new regulations have overlapping requirements that come back to customer data. Banking Technology joined forces with Markit І Genpact KYC Services and regulatory specialist JWG to look at how firms are approaching the challenges this poses.

Pay Magazine – Spring 2014

The Genius Issue: Ideas, Technology, People Remaking Reload Networks; 2014 Paybefore Awards: Innovation in 20+ Categories; What Keeps Regulators Awake at Night

Core modernisation: the risks and the rewards

Core banking system replacement projects are notoriously difficult and disaster-prone, but successful legacy migration and systems modernisation can be shown to improve profitability, at least for smaller banks.

May 2014 Back to the drawing board

Regulators want banks to modernise their IT systems to remove risk, but despite evidence that this will also improve profitability, few are making the leap.

In Money Transfer Push, Facebook Finds Plenty of Friends (May 12, 2014)

Facebook has already conquered the social media sphere—and now there are signs the company is seeking to capitalize on its global ubiquity and massive user base to make a splash as a money transfer service, recently partnering with financial service providers on transfer initiatives around the globe.

People on the Move: Scott Salmon, i2c Inc.

i2c Inc., a provider of payment processing and emerging commerce solutions, announced that Scott Salmon has joined the company as general manager, international, to lead i2c’s continued growth in Asia-Pacific, Central Europe, Middle East and Africa.

People on the Move: Dan O’Malley, Mozido LLC

Mozido LLC, a startup that focuses on cloud-based, white-label mobile payments services for banks and merchants, has hired Dan O’Malley as executive vice president and chief operating officer.

People on the Move: James Lipham and Paul Todd, TSYS

TSYS, a Columbus, Ga.-based processor, has announced the retirement of James B. Lipham as senior executive vice president and chief financial officer effective June 30, 2014, and the TSYS board of directors appointment of Paul M. Todd to take over the role.

Small financial institutions must face the mobile challenge

As contactless and mobile payment methods continue to grow, building societies and other financial institutions need to avoid being complacent about new technology, according to senior delegates speaking at the BSA annual conference in Manchester this week.

The value of SEPA beyond the SEPA-zone

The work corporates are doing to streamline cash management processes should not end with SEPA implementation, says. Indeed, the principles and ideas underpinning SEPA can inform progress even in the most challenging markets.